scholarly journals State Support for The Venture Industry: Global Practice

2021 ◽  
Vol 7 (1) ◽  
pp. 51-65
Author(s):  
O. A. Eremchenko ◽  
V. G. Zinov
Keyword(s):  
Venture Capital ◽  
Technological Development ◽  
High Growth ◽  
Growth Potential ◽  
Government Programs ◽  
Foreign Countries ◽  
The Usa ◽  
Corporate Venture ◽  
State Models ◽  
Late Stages

The experience and features of state models of support for the corporate venture sector in the USA, China, and EU countries are summarized. A general trend in the development of the venture capital industry for foreign countries is the shift in the focus of venture capital funds to investments of late stages of financing. It is shown that the greatest efficiency of government programs in stimulating large companies to innovative and technological development is achieved with joint financing of startups, with the creation of a venture capital fund, with the introduction of tax incentives aimed at companies with high growth potential.

scholarly journals Social Challenges of the Digital Economy: Russia in a Global Context

2021 ◽  
Vol 65 (9) ◽  
pp. 14-24
Author(s):  
E. Sadovaya
Keyword(s):  
Global Economy ◽  
Technological Development ◽  
High Growth ◽  
World Order ◽  
Digital Economy ◽  
Digital Transformation ◽  
Growth Potential ◽  
Raw Material ◽  
Soviet Period ◽  
Labor Resources

The subject of the research is the challenges of the digital economy for the employment sector in Russia. The need to reduce costs in the face of a deteriorating situation in the global economy is a factor in accelerating the digital transformation of employment in the country. The transformation is carried out through the automation of the main business processes, as well as through the development of platform employment formats. Specific features of the process of digital transformation of employment form the shape of the development of the Russian labor market in the post- Soviet period. Its main factor was the country’s entry into the global system of division of labor, which led to the formation of the modern structure of employment. The economy of Russia, recognized as raw material, turned out to be “commercial” in terms of employment, since it was this industry that created the bulk of jobs during that period. The commerce sector, which had high growth potential in the early 1990s in Russia, provided jobs for all those labor resources that were released from the industry. However, at the moment this source has been exhausted. Digitalization threatens the most labor-intensive sectors of the Russian economy. Commerce turns out to be the first industry to undergo automation and digitalization of jobs. At the same time, the most massive professions (accountants, bank employees, HR specialists, salesmen, cashiers, couriers, security guards, secretaries, packers, call center workers, drivers) are under the threat of “disappearance”, while new ones in demand by the market are more likely “unique” and they are mostly associated with robotization, digitalization and biotechnology. The unmet demand for these professions is a reflection of the complexities of training highly qualified interdisciplinary specialists and not a physical shortage of labor resources, and this is a serious challenge for the vocational education system. The study aims to gain a deeper understanding of the processes taking place in the social and labor sphere in Russia, to create a conceptual basis for the development of a socio-economic policy of the state that adequately responds to the challenges of the digitalization of the economy. Acknowledgements. The article was prepared within the project “Post-crisis world order: challenges and technologies, competition and cooperation” supported by the grant from Ministry of Science and Higher Education of the Russian Federation program for research projects in priority areas of scientific and technological development (Agreement № 075-15-2020-783).

scholarly journals Growth and venture capital investment potential for university spin-offs in Hungary

2013 ◽  
Vol 7 (4-5) ◽  
pp. 31-38 ◽  
Author(s):  
Patrícia Becsky-Nagy
Keyword(s):  
Venture Capital ◽  
Capital Investment ◽  
Small Firms ◽  
Research Question ◽  
Academic Research ◽  
High Growth ◽  
Growth Potential ◽  
High Tech ◽  
Capital Investments ◽  
Venture Capital Investments

Venture backed spin-offs represent a low proportion of companies, even of innovative companies. The research question was, whether these companies have an important role in innovation and economic growth. I present the most important indicators of innovation in connection with entrepreneurship, the measures of start-ups, mainly the high-tech ones. I describe the position of venture capital industry nowadays, detailing the classical venture capital investments, targeting high-growth potential small firms, even university spin-offs. The study presents the results of a survey made as a counterpart of an academic research team, examining spin-offs, entrepreneurs and technology transfer in the most important Hungarian universities. I found that the most important obstacles of venture capital investments in high-tech spin-offs are the information gap between demand and supply side, the lack of entrepreneurs’ willingness to give up freedom in decision making, despite of low managerial skills. The low quality of financial environment is also an obstacle of the segment. JEL Codes: G24, M13

scholarly journals Venture Capital and Private Equity Investment Strategies in Selected European Countries

e-Finanse ◽  
2015 ◽  
Vol 11 (4) ◽  
pp. 34-45
Author(s):  
Krzysztof Dziekoński ◽  
Sławomir Ignatiuk
Keyword(s):  
Venture Capital ◽  
Private Equity ◽  
Research Question ◽  
High Growth ◽  
Equity Capital ◽  
Growth Potential ◽  
Investment Strategies ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Entrepreneurial Activities

Abstract Private equity and venture capital (PE/VC) funding is the provision of equity capital by financial investors to non-quoted companies with high growth potential. It has a particular emphasis on entrepreneurial activities rather than on mature businesses. PE/VC investors differ on several dimensions including: investment targets, screening evaluation methods, governance mechanisms, and objectives. The paper is a continuation of the discussion that concerns investment strategies of PE/VC funds. While studying the PE/VC market it is important to analyze the origin and structure of capital. The authors assumed that different types of investors have different investment strategies. Our research is an attempt to answer the following research question: whether the investor type, on the European PE/VC market, has an impact on the selection of industries. The paper presents results of statistical analysis of venture capital and private equity funds investment strategies in selected countries.

scholarly journals Venture Capital Fund-a Partner of Development of SMES and It Firms for an Economically Developed Digital Bangladesh

2020 ◽  
Vol 8 (02) ◽  
pp. 1576-1583
Author(s):  
Shahanaz Akter ◽  
Dr. Mohammad Jahangir Alam
Keyword(s):  
High Risk ◽  
Venture Capital ◽  
Financial Institutions ◽  
Market Competition ◽  
High Growth ◽  
Business Development ◽  
Growth Potential ◽  
Living Standard ◽  
New Business ◽  
High Growth Potential

For the development of any country, the development f economy is crucial and for the development of economy nourishment and proper burgeon of the business must be ensured. Bangladesh has recently stepped up to the “Developing” ranking and aiming for sustainable development. Entrepreneurship had been the most important contributor in economic development interms of employment,innovations and healthy market competition over the last decades.As such, Entrepreneurship is the primary factor in the development of economies. A new business always affects the people and the economy of the locality as a new opportunity gets created for employment, earnings and better living standard. A new business in a local area may engender other related business and transactions. For example, an opening of a new branch of the bank may inspire the entrepreneurs of that area to implement their business plans. The Theory of Kirzner (1973-2005) about entrepreneurship explains how the improvement of economic health affects individuals in the first world. It is needless to say, how the development of services such as roads, public transportations, health, education, and entertainment are backed by the growth of industries and companies in various fields. The implementation of those industrial activities resulted in the development of a more vibrant economy. As such, for an economy to operate smoothly and to be in a good state, it highly depends on the Financial Institutions which assists to keep economy hydrated. Hence, a regular and even flow of fund encourages business development or entrepreneurship and operations which ensure economic growth. In Bangladesh, there are Banks and Non-Banking Financial Institutions for this very purpose. But there come some limitationsunder the decision-making system of these institutions when the subject customer is new entrepreneurship or developing or Greenfield Company, which has high growth potential as well as high risk of default. Therefore,there is still a gap between the required fund for any new business and actual funds that can be disbursed from Banks and NBFIs. Venture Capital is a category of equity or debt finance or combination of both which is generally offered to entrepreneurs and small companies, which bear high growth potential but also prone to high risk. Venture capital funds differ from the other investment companies as the others try to limit their risk-taking actions up to a specified ceiling with specified rules and guidelines made by the company articles of association and memorandum of association and management principlesgoverned bythe board. Even though Venture Capital is a still-developing concept in Bangladesh as a vital source of funds and assistance, it is already a popular way of business development for developed countries. This paper is aimed to discuss the prospect of Venture Capital in Bangladesh and how this financing assists as co-entrepreneur of start-ups and growing ventures speciallyfor the sector of SMEs and IT.

World experience in using the program-targeted planning methods for high-tech industry development

2020 ◽  
Vol 19 (9) ◽  
pp. 1723-1735
Author(s):  
A.Yu. Pronin
Keyword(s):  
Russian Federation ◽  
Technological Development ◽  
High Tech ◽  
Economic Activities ◽  
High Tech Industry ◽  
Industry Development ◽  
Foreign Countries ◽  
Planning Methods ◽  
The Russian Federation ◽  
Development Objectives

Subject. The article investigates the program-targeted planning methodology, which is implemented in the Russian Federation and leading foreign countries, for high-tech industry development. Objectives. The aim is to identify the specifics of program-targeted planning for the development of high-tech industries, to shape programs and plans for innovative development in the Russian Federation and leading foreign countries. Methods. The study employs general scientific methods of systems analysis, including the statistical and logical analysis. Results. I reviewed methods of program-targeted planning, implemented by the world’s leading countries (the Russian Federation, United States of America, France, Great Britain, Netherlands, Norway, Japan, Canada), in the interests of the development of various high-tech sectors of the economy. The study established that the methodology of program-targeted management is an effective tool for resource allocation by various types of economic activities in accordance with national priorities. I developed proposals by priority areas for improving the methodology for program-targeted planning and management in the Russian Federation in modern economic conditions. Conclusions. The findings and presented proposals can be used to improve methods for program-targeted planning to develop high-tech sectors of the economy; to design various long-term programs and plans, reducing the risk of their implementation; to determine the ways and methods of sustainable socio-economic and innovative and technological development of the world's leading economies.

Demand-side Energy Policy as an Alternative Energy Strategy for Pakistan

1986 ◽  
Vol 25 (4) ◽  
pp. 631-647
Author(s):  
Peter Pintz
Keyword(s):  
Energy Policy ◽  
Alternative Energy ◽  
High Growth ◽  
Energy Resources ◽  
Energy Strategy ◽  
General Development ◽  
Foreign Countries ◽  
The World ◽  
New Energy ◽  
Level Of Economic Development

After the first oil-price shock of 1973, a search for new energy policies was started all over the world. Changing one fundamental concept - that relating to the general development of energy supply and consumption - was, however, out of the question. The pre-1973 trend of development was maintained. The energy elasticities did not change. The old forecasts were still held to be valid and were considered now, as earlier, to be the objectives which a successful energy policy had to achieve. This was considered a prerequisite for high growth rates of GNP and improvements in living conditions, and energy consumption was regarded as an indicator of the level of economic development. Therefore, the focus was shifted to an enlargement of the supply of indigenous energy resources as a substitute for imported energy, so that dependence on foreign countries could be minimized.

EPIZOOTOLOGICAL FEATURES OF MODERN CATTLE LEUKEMIA

1970 ◽  
pp. 53-58
Author(s):  
V. V. Makarov ◽  
D. A. Lozovoy
Keyword(s):  
Dairy Cattle ◽  
Western Europe ◽  
Control Programs ◽  
Foreign Countries ◽  
Negative Order ◽  
Dairy Cattle Breeding ◽  
The Usa ◽  
Epizootic Process ◽  
National Programs

  Enzootic bovine leucosis (EBL) has been known for more than a century and a half. Its occurrence and registration may have historically been associated with intensive breeding of dairy cattle in Western Europe to increase target productivity. It is known that any limiting intervention in the nature of the animal organism is always accompanied by an uncontrolled and unpredictable change in the genotype of a wider range than the required, particularly negative order. In particular, a decrease in the resistance to macroorganisms and the possibility of the new diseases emergence, including infectious ones (for example, immunodeficiencies such as BLAD syndrome of black-motley cattle and stress syndrome in pigs, the occurrence of scrapie and other slow sheep infections). In the last two decades of the last century, in many disadvantaged countries, primarily Western European, national programs for the eradication of EBL have been developed and subsequently successfully implemented. First of all the motivation was the economy of dairy cattle breeding (mainly the extension of productive age, as well as the tightening of requirements in international trade in cattle and bull products, breeding, pricing, etc.). In an analytical article are reviewed the elements of epizootology of EBL in the foreign countries with special attention to the situation in the USA, scenarios of various control programs, and promising methods for assessing the role of infected animals in the epizootic process. A critical assessment of the problem of EBL in the Russian Federation is given, the reasons for the ineffectiveness of against leucosis measures are discussed.

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